Hi Friends, as predicted last week, as soon as dow broke 13,050, it fell hard and closed at 12,483.
now i feel that dow will get support around 12,400, and consolidate.
i dont think this downward wave would extend below 12,400, if it does, then it will be difficult for bulls in short term to gain any support.
so keep aneye on 12,400 level.
So, if 12,400 is held, we will see 12,785 by next weekend, else 12,200 or below.
